Sterilization Equipment Market Size, Share, Industry Trends and Forecast to 2030

Sterilization Equipment Market Size & CAGR in 2021

The global sterilization equipment market is expected to reach a size of USD 7.2 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period from 2021 to 2026. The market is driven by the increasing focus on infection control and the rising demand for sterilization equipment in the healthcare sector.

COVID-19 Impact on the Sterilization Equipment Market

The COVID-19 pandemic has significantly impacted the sterilization equipment market globally. The outbreak of the virus led to a surge in the demand for sterilization equipment to maintain hygiene and prevent the spread of the virus. Healthcare facilities, laboratories, and other high-risk environments increased their use of sterilization equipment to ensure the safety of patients and staff.

Sterilization Equipment Dynamics

The sterilization equipment market is driven by factors such as the growing emphasis on infection control, increasing healthcare expenditure, and technological advancements in sterilization equipment. Rising concerns about hospital-acquired infections and the need for effective sterilization processes are also contributing to the market growth.

Segments and Related Analysis

The sterilization equipment market is segmented based on product type, end-user, and region. Product types include heat sterilization equipment, low-temperature sterilization equipment, and filtration sterilization equipment. End-users of sterilization equipment include hospitals, pharmaceutical companies, medical device manufacturers, and others.

By Region Analysis

The sterilization equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of a well-established healthcare infrastructure and the high incidence of hospital-acquired infections. However, the Asia Pacific region is anticipated to witness the highest CAGR during the forecast period.

Key Market Players and Competitive Landscape

Key players in the sterilization equipment market include Steris Corporation, Getinge AB, Belimed AG, 3M Company, MMM Group, and others. These companies are focusing on product innovation, strategic partnerships, and acquisitions to strengthen their market position and expand their product offerings.

Recent Happenings in the Sterilization Equipment Market

In recent years, there have been significant developments in the sterilization equipment market. For example, Steris Corporation introduced a new line of advanced sterilization equipment with enhanced features for better infection control. Getinge AB expanded its product portfolio with the acquisition of a leading sterilization equipment manufacturer. These advancements are expected to drive market growth and meet the evolving needs of healthcare facilities worldwide.